Old houses are known to provide beautiful features, tall ceilings, and bundles of character that you will automatically love when you see them. They also provide a homebuyer with the potential to increase the value of the home, by renovating and repairing certain things.
Nevertheless, restoring an old house is an expensive and time-consuming exercise. For this reason, you need to seriously consider the decision to buy an old home. Here are some of the things to look at.
#1. The Investment Value
If you are willing to invest and put a lot of work into an older house, employ an architect who will give it a new face. While it will take a relatively long time to completely restore it, you at least have the guarantee of getting more equity from an old house. On the other hand, if you are purchasing a property that is in relatively fair condition, you won’t be required to do as many repairs to keep it looking nice.
#2. Include All Insulation Costs
As a general rule, when insulating an old house, you can either heat it from the outside (with the help of external insulation), or from the inside (with a dry coating). External insulation entails fitting a layer to the exterior part of the house and covering it with a weatherproof finish. This is the best practical remedy to this problem, which will allow you to prevent it from getting in the way of the internal features.
Nevertheless, you risk losing much of the external character of your house. On the other hand, you can do a dry lining on the interior walls and keep your external looks. The process entails fitting plasterboard to the walls to make them thicker.
#3. Check Out The Lighting Capabilities
Irrespective of the age of the house you intend to buy, make sure that you look at the amount of light that penetrates in. Look at the direction in which the back garden is facing, since south or west are the perfect directions for acquiring all day and evening sunlight in your living room. You can also have a solution in case the rear of the house is facing north.
Obtain the access of easterly light in the morning, and westerly light in the evening, by orientating or adding windows to the side of the house.
#4. Schedule Your Time
The moment you have scheduled for the extension and renovation phases of your building process, you will need to determine how long the process will take. This can take anywhere from a couple of weeks to several months, based on the things that need to be done. If you decide to stay in a different house as the work continues, make sure you incorporate the expenses into your budget, since you will be required to pay rent.
While buying an old property can be a captivating proposition, knowing exactly what you are purchasing is imperative. This is because old homes are associated with many more problems than new ones. Provided you do your due diligence, you will get a home that serves you well for many years.